High End Real Estate Market in Santa Barbara Takes Off
Wednesday, July 23, 2014

Montecito Agents Rebecca Riskin & Associates Close Approximately 110 Million in Sales in First Quarter.

4/25/12 - “It’s like someone flipped the switch”, says Montecito realtor Rebecca Riskin about the sudden explosion in the high real estate market in Santa Barbara. “In the past few years we worked tirelessly to no avail. We would show properties, but the buyer felt no urgency to make a purchase. Now, that has changed. Today, we’re working full speed to keep up with all of the transactions. Properties are selling their first day on the market, and we’re seeing multiple offers on well-priced homes.”

In the past three months, Rebecca Riskin and Associates has placed 18 properties in escrow, with closed escrows totaling over $110,000,000 so far. Among them are some of the areas most noteworthy and prestigious marquee estates. Amongst their recent sales are renowned designer John Saladino’s personal villa, and “La Pumada” the expansive Reginald Johnson’s 1929 classic manor.

To what does she attribute the sudden change in the market? “There was a lot of pent up demand, and once the first big property sold, it gave buyers confidence to come back into the market. The buyer and seller are now seeing eye-to-eye on values. Buyers sense that we are at the bottom, and they feel safe putting their money back into real estate.”

What is her forecast is for the rest of the year?

“We’re too busy to stop and think about it,” she says.

ABOUT REBECCA RISKIN & ASSOCIATESRebecca Riskin & Associates, of Village Properties Realtors, is the #1-selling luxury real estate team in the exclusive areas of Montecito and Santa Barbara, representing the finest homes, estates, and land parcels on the South Coast. Rebecca Riskin, Sarah Kelly and Dina Landi currently represent some of the most exquisite properties that offer inspiring ocean and mountain views, privacy, prime locations and more. Proudly affiliated with Christies Great Estates, honored by Santa Barbara's Multiple Listing Service as 2011's top-selling realtor, and ranked #40 in the Wall Street Journal's list of the nation's top 250 real estate teams, no one else understands high-end real estate, and the needs of luxury home buyers and sellers, like Rebecca Riskin & Associates. For more information about Rebecca Riskin & Associates or the properties go to:http://www.montecito-realestate.com/